Browsing: Analysis

The Sandbox is one of the most prominent players in the crypto industry. Together with Axie Infinity and Decentraland, the network were the leading players in the gaming and NFT industry at their peak.  The Sandbox users slow Recently, however, the ongoing crypto winter has affected the crypto gaming industry, with prominent platforms seeing slow

Litecoin’s price halved in less than three months Buying the dip is risky despite a small head and shoulders pattern forming The dollar’s rally needs to stop for coins like Litecoin to reverse fortunes The US dollar registered one of the biggest rallies ever during summer. For example, it gained against the EUR for eleven

BTC price can see lower prices in the coming months, based on three bearish technical setups currently in play. Bitcoin (BTC) price continues to tread at depressed levels in what has become one of the crypto market’s quietest periods in history. Meanwhile, several technical and fractal setups suggest that the BTC/USD pair could drop to as

Cryptocurrencies dipped sharply as bond yields surged. Most coins attempted to bounce back, in what could be a dead cat bounce. Cryptocurrencies stabilized on Saturday after going through one of their worst performance in the past few months. After consolidating at $29,000 for weeks, Bitcoin plunged to $25,000. Sei, one of the newest tokens, plunged by

Bitcoin moves the cryptocurrency market  Its dependency on the US dollar increased  Bitcoin holders better believe that the US dollar is in a bearish market Investing in the cryptocurrency market is not for everyone. Volatility, for example, is much higher than in other markets.  Sometimes, for no apparent reason, the prices of various cryptocurrencies bounce

Newcomer Metacade has made a huge splash since appearing on the crypto scene, establishing itself as a high-potential investment opportunity that could produce substantial profits for those taking advantage of the discount prices available in the project’s red-hot presale. Metacade is shaping up to be a crypto project that could lead the market over the

Decentraland’s MANA has surged by over 20% in the week Most gains came when the metaverse platform announced an open-cross competition MANA’s long-term recovery remains tied to the crypto sentiment Decentraland’s (MANA/USD) rose by 12% over the weekend, taking the weekly gains to over 20%. The surprise gains come after a prolonged bear market that

ApeCoin gained 3% on Friday and remains green over the week ApeCoin will start to issue staking rewards on December 12 The cryptocurrency faces resistance approaching the upper limit of descending channel ApeCoin (APE/USD) staking functionality is no longer a dream – it’s a reality. Staking rewards are set to begin on December 12. Apes are

Polygon token has lost 2% in the day and 6% in a week Bulls continue to defend $0.77 amid weak momentum We need further price action to ascertain the potential direction for MATIC. Polygon’s (MATIC/USD) is one of those cryptocurrencies that has endured the bear turbulence quite well. The cryptocurrency looked prime for a sustained recovery

Bitcoin has lost more than 20% of its value over the last seven days and could record further losses this week. The cryptocurrency market has recorded perhaps its worst week so far this week. Bitcoin and the other leading cryptocurrencies have been underperforming over the past few days. Bitcoin, the world’s leading cryptocurrency, has lost

Cosmos ATOM/USD has climbed 2% in the past day to consolidate weekly gains at 17% as cryptocurrencies recover. ATOM currently trades at $13, with a market valuation of over $3 billion. Equally, Cosmos has registered significant activities as daily trading volumes rose 63% to $628 million. A broader outlook shows that the interoperability token is 59%

Ethereum Classic (ETC/USD) buyers have defended the $23 support after the price temporarily broke below it. The price is stabilising slightly above the support after recovering by more than 8% in the past 24 hours. But can the cryptocurrency sustain a further recovery? Macro developments and Ethereum Classic’s own fundamentals are likely to be key

As most coins in the crypto market continue to slump, Immutable X (IMX) has been posting incredible gains over the last week or so. Recent chain news has driven much of this surge but can IMX keep this going? Here are some highlights: Immutable X (IMX) announced it had raised $200 million to fund the

Optimism token has, alongside L2 Ethereum solutions been surging ahead of the Merge. Optimism witnessed strong fundamentals in July and August. OP could fall by a further 22%. Optimism OP/USD is a Layer-2 scaling for the Ethereum network. Its role is to facilitate less costly and quick transactions on Ethereum. Following the Ethereum Merge, eyes

There has been a lot of negative news around cryptocurrencies in the last few months. Despite this, cryptocurrencies have rebounded, and through the first week of August, the total market capitalization has remained steady above the $1 trillion mark. There is also a lot of good news that could also see the whole cryptocurrency market

Axie’s monthly revenue has dropped over 98% from its August 2021 peak of $364.4 million. Axie Infinity (AXS) has been forming a giant bearish reversal pattern since July last year, which could send its prices down by another 95% in 2022.AXS risks one big breakdownDubbed the “inverted cup and handle,” the pattern is identified by…